U.S. Bank has launched a new online payment management tool, called ScoreBoard, for small business consumers.
The expense reporting tool provides trending and reporting data that allows consumers to monitor their own credit and debit transactions and compare that spending to trends in the general population.
The tool also helps consumers make smarter decisions about their personal finances. The free application comprises easy-to-read charts and graphs that provide a monthly snapshot of credit-card purchases and payments, such as travel, home improvement and gas purchases.
ScoreBoard, which is available to the bank’s cardholders who use credit, debit cards and credit lines, can be accessed through internet banking.
Using the tool, U.S. Bank cardholders can also download reports as HTML, Excel or PDF files for their specific financial needs.
U.S. Bank Payment Services senior vice president Cliff Cook said: "ScoreBoard is unique because it gives our customers the ability to monitor their own spending and gain insight into how their spending trends compare to previous years."